Venture capital firms Andreessen Horowitz and Founders Fund each sold roughly $75 million worth of their shares of ridesharing service Lyft to Saudi Prince al-Waleed bin Talal. The transaction was part of Lyft’s $1 billion series F round of funding, in which al-Waleed was a direct investor. Lyft is currently valued at $5.5 billion. The secondary market exchange of the company’s shares underscores a rise in private deals to find liquidity in a market where IPOs have struggled to reward investors.
See the following visualizations which highlight a number of relevant figures regarding Andreessen Horowitz, Founders Fund, and Lyft.
Overview of Andreessen Horowitz’s Investments
Overview of FF Angel’s Investments
Venture-Backed Exits by Quarter
Geographic Composition of Lyft Inc.’s Investors (Cumulative)